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Consolidated Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Sales and revenues:      
Sales of Machinery and Power Systems $ 52,694 $ 63,068 $ 57,392
Revenues of Financial Products 2,962 2,807 2,746
Total sales and revenues 55,656 65,875 60,138
Operating costs:      
Cost of goods sold 40,727 47,055 43,578
Selling, general and administrative expenses 5,547 5,919 5,203
Research and development expenses 2,046 2,466 2,297
Interest expense of Financial Products 727 797 826
Goodwill impairment charge 0 580 0
Other operating (income) expenses 981 485 1,081
Total operating costs 50,028 57,302 52,985
Operating profit 5,628 8,573 7,153
Interest expense excluding Financial Products 465 467 396
Other income (expense) (35) 130 (32)
Consolidated profit before taxes 5,128 8,236 6,725
Provision (benefit) for income taxes 1,319 2,528 1,720
Profit of consolidated companies 3,809 5,708 5,005
Equity in profit (loss) of unconsolidated affiliated companies (6) 14 (24)
Profit of consolidated and affiliated companies 3,803 5,722 4,981
Less: Profit (loss) attributable to noncontrolling interests 14 41 53
Profit $ 3,789 [1] $ 5,681 [1] $ 4,928 [1]
Profit per common share (in dollars per share) $ 5.87 $ 8.71 $ 7.64
Profit per common share - diluted (in dollars per share) $ 5.75 [2] $ 8.48 [2] $ 7.40 [2]
Weighted-average common shares outstanding (millions)      
Basic (in shares) 645.2 652.6 645.0
Diluted (in shares) 658.6 [2] 669.6 [2] 666.1 [2]
Cash dividends declared per common share (in dollars per share) $ 2.32 $ 2.02 $ 1.82
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method.